LendingPoint Closes Up to $110 Million Mezzanine Facility with Midcap Financial Trust and Apollo Investment Corporation
Apollo Investment Corporation - Closed End Fund (AINV)
Last apollo investment corporation - closed end fund earnings: 2/4 04:00 pm
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Source: Business Wire
Profitable LendingPoint attracts corporate mezzanine to expand origination capacity ATLANTA--(BUSINESS WIRE)--LendingPoint Consolidated, Inc., parent of the financial technology platform LendingPoint, today announced the closing of an up to $110 million, 5-year corporate mezzanine credit facility (the “Facility”) with new partners MidCap Financial Trust (“MidCap”), managed by a subsidiary of Apollo Global Management, Inc. and Apollo Investment Corporation (NASDAQ: AINV).The announcement follows a recent $125 million preferred equity investment from Warburg Pincus, a leading private investment firm focused on growth investing.“We are delighted with the confidence in LendingPoint MidCap and Apollo have shown in entering into this 5-year facility. This relationship will be an important part of our growth strategy, enabling us to facilitate responsible credit and unlock the power of financial possibility for the greatest number of consumers and businesses as possible,” said Tom Burnsid
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